Automatic Enrolment Pension Schemes

In accordance with guidance from The Pensions Regulator, schemes operating on a minimum contribution basis will need to increase auto enrolment contributions for both employee and employer from 6th April 2018.

The majority of auto enrolment schemes affected are those where the employee is currently contributing 1% or (0.80% net) and the employer 1%. These schemes will increase to 3% employee (or 2.4% net) and 2% employer contributions from 6th April 2018.

If you are a client of ours and are concerned about the application of this update, please contact one of our workplace pension specialists, Ammelle Djobo: Ammelle@pscpayroll.com Jessica Hagger: Jessica@pscpayroll.com or Ryan Roden: RyanR@pscpayroll.com

Payments in Lieu of Notice

From 6th April 2018 all payments in lieu of notice for leaving employees (PILON) will be treated as taxable and NIC-able. Previously, non-contractual PILONs could be made free from Tax and NIC and such non-contractual payments are now aligned with the contractual version.

Employment Allowance

The Employment Allowance (EA) reclaim continues into 2018/19 at the rate of £3,000 p/a. Notification of the reclaim to HMRC is via RTI and PSC will continue to carry out this process on client's behalf.

Apprenticeship Levy

The Apprenticeship Levy introduced in 2017/18 continues into 2018/19 on the same basis and will affect all employers with an annual pay bill of 3M or greater.

Tax

Tax codes with certain suffixes will be automatically increased from 6th April unless a coding notice has been issued by HMRC:

Rest of UK Income Tax rates and Income Tax bandwidths effective from 6th April 2018:

Scottish Income Tax rates and Income Tax bandwidths effective from 6th April 2018 ('S' prefix tax-codes):

PSC is excited to announce the arrival of our new payslip viewing app - mSlip! Our online payslip portal, eSlip, is becoming an increasingly popular option amongst our client base so we have extended the experience by creating a mobile app.

PSC are pleased to announce that we shall be attending the Cambridge B2B Exhibition hosted by Cambridgeshire Chamber of Commerce again this year, for the third time running. It will be held at Cambridge Quy Mill Hotel and Spa on Thursday 24th September 10am-4pm.